Aes Global Power

AES Corporation is one of the largest independent producers of electrical power in the world, with an ownership stake in 177 facilities in Argentina, Australia, Bangladesh, Brazil, Canada, China, the Dominican Republic, El Salvador, Hungary, India, Kazakhstan, the Netherlands, Mexico, Pakistan, Panama, the United Kingdom, Venezuela, and the United States. The company supplies more than 59 gigawatts of electricity worldwide to 16 million customers through its electricity distribution network. The company's operations are grouped into four major business segments: Contract Generation; Competitive Supply; Large Utilities; and Growth Distribution. ([email protected])
AES was the invention of Roger W. Sant and Dennis W. Bakke, who had served together in the Federal Energy Administration (FEA) during the Nixon and Ford administrations in the early to mid-1970s. The two had been instrumental in drafting preliminary versions of the Public Utility Regulatory Policies Act (PURPA). The law was part of the federal government's attempt to deal with America's energy crisis, which, according to prevailing opinion at the time, was caused largely by American dependence on foreign oil. Seeking to reduce this dependence, PURPA mandated that electrical utilities fulfill any need they might have for new power by seeking out qualified co-generators and independent, small-scale, private-sector power producers.
In conjunction with this success, AES staked out a reputation as one of the world's most socially conscious and organizationally innovative companies. Such distinctions were a legacy of Sant and Bakke and a direct consequence of their backgrounds. Bakke was a devout Christian who readily acknowledged that his religious beliefs formed the basis of his world view. Sant, too, was ...
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